TAPE rebounded today from lowest close of 2014.
S&P 500 @ 1794.19, high 1798.77
RSI @ 42.95
CMF @ 0.046
Internals were :
UP volume led by 2.87 to 1 in NYSE & 5.09 to 1 in Nasdaq
Advancing stocks led by 3.31 to 1 in NYSE & 2.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 32 in NYSE & 63 in Nasdaq
VIX Down .35% @ 17.29
Oil @ $98.23
Gold @ $1242.50
Stocks which were UP 3% or more included JKS MU
AMZN EXTR TWTR FB LNKD TSLA TSL
LVS WYNN YNDX FSLR GRPN
GMCR ZNGA JDSU PANW
SPLK CSOD YELP.....
AH ER : RVBD Down 2.93%, AMZN Down 4.59%
GOOG UP 4.11%, JDSU UP 4.56%, WYNN UP 8.32%
CMG UP 13.27%, ZNGA UP 17.98%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, in my opinion we had a technical rebound today supported by good earnings report. VIX being barely down is a cause for concern. January remains in a negative tone & may not bode well for February. I am staying with my existing portfolio as i am not sure about this TAPE. I will recommend having "high comfort level" no matter what you do.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Another miss for me with MJN, although they are taking share as evidenced by the good Q4. They may be lowballing next year guidance, but still disappointing given all the heavy analyst hype before the quarter. I'll let it play out a little, but not sure it has a solid place in the portfolio going forward.
Stocktrader
Hi Stocktrader,
MJN has come back almost $3.....
Saleem
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